German Energiewende To Cost €520 Billion By 2025, First Full-Cost Study Finds

The total cost of Germany’s green energy transition (Energiewende) amounts to over €520 billion euros by 2025 in the electricity sector alone. This is the result of a report commissioned by the Düsseldorf Institute for Competition Economics (DICE). The study is the first full-cost estimate which takes all the costs of the energy transition in the electricity sector into account. At the end of 2015, 150 billion euros had already been spent on the Energiewende, not including the cost for network expansion. The bulk of the costs (25.000 euros for a family of four) will have to be paid in coming years. —Initiative Neue Soziale Marktwirtschaft, 10 October 2016

We told you yesterday that spot prices for German electricity jumped more than 17 percent in one day due to constricted supplies from renewable producers and French nuclear reactors, but as green-crazed Germany continues to wrangle with some of Europe’s highest (and most volatile) electricity prices, American households are about to see the first annual drop in average electricity prices in 14 years. The WSJ reports.

Prime Minister Malcolm Turnbull accused some state governments of putting too much emphasis on generating electricity from wind farms, putting Australia’s energy security at risk and “distorting the national energy market.” Bloomberg, 7 October 2016

100 months ago, The Guardian proclaimed that we have only “100 months” left to save the world from “irreversible climate change”: soaring temperatures, melting ice caps, dangerously rising sea levels, more hurricanes, tornadoes, droughts, and all the other familiar harbingers of catastrophe. Now those “100 months” are up and not one of these predictions has come true. The Sunday Telegraph, 9 October 2016

Lancashire County Council will face a bill for costs in excess of £330,000 over the planning battle for two bids to frack on the Fylde. A spokesman confirmed Cuadrilla has been granted costs relating to the council’s refusal of permission to install a monitoring array near the Preston New Road site. But the total could rise further depending on the final outcome of the application to frack at the Roseacre site. If communities minister Sajid Javid decides that a new traffic management plan can be put together to make the rural roads near Roseacre safe and allows Cuadrilla’s appeal, then that total could rise further. Blackpool Gazette, 8 October 2016

Sales of battery-electric vehicles in Western Europe fell for the fourth month in a row, an analysis of a respected European industry publication says. In August, a month in which the overall Western European new car market climbed 8%, sales of BEVs in the world’ second largest EV market behind China dropped 1.2% compared to August 2015, paid subscribers of the AID Newsletter were told. The harsh realities of EU registrations cast a shadow on the EV euphoria of the Paris motor show, once again raising the question on auto executives’ minds: “Who will buy all those EVs?” Matthias Schmidt, editor of the UK-based publication, thinks he may have the answer: Push comes to shove, OEMs might buy their own cars. Forbes, 8 October 2016

Germany is going to push for all non-electric cars to be sanctioned by 2030 to meet the goals from the Paris global warming agreement. The agreement, which was made early this summer, requires every new vehicle to have zero emission. ITechPost, 9 October 2016

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Comments (2)

Amber

The Guardian is the newspaper version of Creepy Clown . Fortunately both will be gone soon . The question is with the Guardian cash burn rate will it last another 100 months ?
Maybe they can get paid for promoting carbon taxes to support their failure to recognize why they are failing a bit longer .

Amber

The global warming fear industry will die once governments have ripped off enough people and the cash dries up . Meanwhile Mother Nature , also known to be natural climate variables will carry on the 4 billion year tradition of changing the climate at it’s leisure .
It isn’t easy to break into the Billionaire Club . You need something new like saving the planet from ourselves .

Aido

It gets even more dodgy. The ‘anomalies’ are differences from a 30-year average, referred to as the ‘norm’.. 1930-1960, then 1960-1990, which is the current ‘norm’. If you took 1940-1970, or 1950-1980 as the ‘norm’, you’d get different figures. How anyone falls for this beats me.

Amber

Ricky C
About 60 million voters would likely agree with you . Some people like to rescue pit bulls to because they figure they can “fix ‘ them .
Donald Trump doesn’t need one of his top enemies buttering up his daughter
to help sell a scary global warming scam .
Gore , Podesta , and Steyer are the best of pals and would love nothing more than to have a direct pipeline into Trump to help bring him down . Stating the obvious ,
they mean him absolutely no good and will do every thing they can to wreck his Presidency one way or the other .
Lets hope Ivanka dedicates her influence and smarts to help real people and solve real problems .
Stein got 1 % of the vote for a reason . The global warming con game is over .

amirlach

Ricky C

She better not. Just like its said, everyone worked very hard, myself particularly to get the waste out of the “Climate Change” feeding trough for consultants who do nothing for the economy. If I want to make sure my medical supplies at a local hospital in third world countries that I visit are modern and effective, their economy has to be booming, not cut down by giving money to international Climate Change hustlers.

JayPee

Dale

I don’t know whether or not Tim Ball actually made the above posting but if so, it’s in very poor taste and severely weakens his potential as a climate authority. Spamming web sites (I’ve seen this several times before on other sites) is not the way to gather interest or respect. People usually ignore such spam and laugh it off as just another fly-by-night.
I’ve read many of Tim Ball’s articles and have heard him speak via video. He has too much to offer to stoop to this low level nonsense, if this posting is indeed from Tim Ball.